Title
Microsoft Word - valuerule.DOC
By
raullim
Description
American Bar Association Young Lawyers Division The 101 Practice Series: Breaking Down the Basics © 2009 American Bar Association All Rights Reserved What You Should Know About the Transfer for Value Rule By Elizabeth Lindsay-Ochoa Life insurance is a valuable estate and business-planning tool. The biggest advantage of life insurance is the income tax-free nature of the death benefit. If there is a transfer for value, however, the life insurance proceeds become...

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